Original title: Blue-chip NFT Doodles Announces Token Issuance Abandons Ethereum and Lands on Solana First, How High is the Economic Value of $DOOD Tokens and Airdrops?
Original author: DaFi Weaver, BlockTempo
After well-known projects such as Fat Penguin and Azuki have successively issued tokens, another Ethereum blue chip NFT project announced its token issuance! Doodles, the sixth largest NFT project in Ethereum by market value, is famous for its animations, short films, and cooperation with well-known brands such as McDonalds. It announced in the early morning of today (14) that it will issue the token $DOOD on Solana, becoming another Ethereum project to choose Solana as a token issuance platform after Fat Penguin.
However, the official also added that it will be bridged to Ethereum Layer 2 Base in the future.
The news was warmly welcomed by the Solana community. The official Solana account posted a GIF to express support, and Phantom, the mainstream wallet in the Solana ecosystem, also posted a message saying: “Welcome to Solana.”
Token Economics
According to official sources, the total amount of $DOOD is 10 billion, of which 68% will be allocated to the community. The specific allocation is as follows:
Doodles community: 30%
New blood: 13% (unspecified)
Ecosystem Fund: 25%
Team: 17%
Liquidity: 10%
Companies: 5%
However, the official has not yet provided detailed information about the airdrop distribution method and token launch time, and further announcements are expected to be made later.
Doodles sales surged 345%
Influenced by this news, Doodles became the most popular NFT project in the past 24 hours. The NFT Price Floor website shows that the total transaction amount of Doodles has increased by 345.37% to 3,138 ETH (about 8.47 million US dollars), and the transaction volume has also increased by 307.19% to 680 transactions. In addition, the average transaction price has increased by 9.38% to 4.61 ETH, indicating that the market demand for Doodles has increased significantly.
As of press time, the floor price of Doodles is currently 4.44 ETH, worth approximately $11,988.
What is the potential value of the Doodles holder airdrop?
Assuming that the FDV (fully diluted valuation) of Doodles at launch is between $1 billion and $2 billion, 30% of which will be airdropped to the Doodles community, this means that the total value of the airdrop may be between $300 million and $600 million. Considering that the total number of Doodles is 9,998, each NFT may receive an airdrop worth $30,000 to $60,000, which is much higher than the current floor price of Doodles.
However, this does not mean that you will definitely make a profit. For example, the FDV of $PENGU once exceeded 6 billion US dollars when it was launched, but now it is only about 800 million US dollars; $ANIME has also fallen from 1.4 billion US dollars to the current 270 million US dollars, both of which have fallen by more than 80% from their highs. Therefore, the market performance of DOOD after its launch is still full of uncertainty, and buying Doodles now may not necessarily be a sure win.
$ANIME has fallen more than 85% from its high
$PENGUE has fallen more than 84% from its high
